Raising Money for Homes for the Elderly

With these bank loans for homes for the elderly, the SBA guarantees the lender that the loan will be repaid. This homes for the elderly loan for $200,000 was given to a Nebraska entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lavista, Nebraska was able to borrow $200,000 from Arbor Bank. The SBA made the loan possible by guaranteeing $150,000 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: SKILLED NURSING CARE FACILITIES
LAVISTA, NE 68128

SBA Loan Lender

ARBOR BANK
911 CENTRAL AVE
NEBRASKA CITY, NE 68410

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8051 - Skilled Nursing Care Facilities

NAICS Code

623312 - Homes for the Elderly

Loan Approval Date

3/13/2001

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $200,000 loan. Remember, if it to be, it is up to me!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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